Mid Market Report, January 14, 2014 | Stocks and Commodities

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January 14, 2014
Time: 12.45 pm

Mid Market Report:

1. Markets are trading as expected.
2. Though US and Asian markets fell ,our markets are holding.
3. Yesterday until 3 pm, Nifty future was trading around 6260, only in the last half an hour it shot up to 6300.
4. Now Nifty future is taking support at 6260, that is really a very good news for bulls.
5. Next three days market trend will be decided by the results of Yes Bank, Axis Bank, HDFC Bank,TCS, WIPRO, HCL Tech and Reliance.
6. Then next two weeks markets will go into the sideways mode with stock specific actions.
7. Europe is likely to open half a percent lower.
8. US market movement will be decided by the banking majors results.
9. For today, Nfty future should take support at 6240 and resistance will be 6300.